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The three cryptos are ready for the next take-off

Cryptocurrencies took a quick breather but did not lose ground after the Sunday surge.

All three digital coins enjoy strong support and have clear upside targets.

Here are the levels to watch according to the Confluence Detector.

The weekend may have been too long for cryptos — especially for Bitcoin. Digital coins were not lazy on Sunday and shot higher, with BTC/USD topping $8,700. It did not stop and gradually edged higher. Ethereum and Ripple shortly followed.

After the previous rush higher, cryptocurrencies experienced a flash crash before stabilizing and racing higher. Will it happen again? While some market actors may want to take profits, digital coins have room to run higher — they all have room to the upside and support on the downside.

BTC/USD supported at $8,820 and eyes $9,520

Bitcoin enjoys robust support at $8,8820 where we note a dense cluster including the Simple Moving Average 5-1h, the previous 4h-high, the BB 15min-Middle, the previous daily high, the SMA 5015m, the SMA 5-15m, the BB 4h-Upper, and the SMA 10-15m.

Further support awaits $8,495 where the Pivot Point one-week Resistance 1 and the Fibonacci 38.2% one-day.

BTC/USD eyes initial resistance at around $9,050 where the PP 1d-R1 meets the BB 1d-Upper.

The upside target is $9,520 where we see the Pivot Point one-week R3.

ETH/USD eyes $282, then $299

Similar to King Bitcoin, Ethereum enjoys significant support. At $267 we see the convergence of the BB 15min-Lower, the Fibonacci 23.6% one-day, the PP 1w-R1, and other lines.

Further down, $253 is the confluence of the SMA 5-1d, the Fibonacci 38.2% one-week, the SMA 50-4h, and the SMA 200-1h.